Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Lumentum Holdings Inc. (NASDAQ:LITE). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lumentum stock on July 17th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.
Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):
- Purchased $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
- Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
- Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
- Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
- Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
- Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
- Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
- Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
- Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
- Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.
Lumentum Price Performance
LITE stock traded up $91.23 during mid-day trading on Tuesday, reaching $972.49. The company’s stock had a trading volume of 2,371,527 shares, compared to its average volume of 5,566,078. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $815.21 and its two-hundred day moving average is $819.50. Lumentum Holdings Inc. has a fifty-two week low of $144.52 and a fifty-two week high of $1,085.68. The stock has a market cap of $87.23 billion, a PE ratio of -11.85 and a beta of 1.53.
Insider Buying and Selling at Lumentum
In other Lumentum news, CEO Michael E. Hurlston sold 548 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the completion of the sale, the chief executive officer directly owned 186,951 shares of the company’s stock, valued at $179,222,445.66. This represents a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vincent Retort sold 38,663 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $852.59, for a total value of $32,963,687.17. Following the completion of the transaction, the insider directly owned 78,440 shares in the company, valued at approximately $66,877,159.60. The trade was a 33.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 65,147 shares of company stock valued at $55,812,856. Company insiders own 0.43% of the company’s stock.
Institutional Trading of Lumentum
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC purchased a new stake in shares of Lumentum in the 1st quarter valued at about $25,000. Sachetta LLC lifted its stake in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after buying an additional 19 shares during the last quarter. Truvestments Capital LLC boosted its holdings in shares of Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after acquiring an additional 57 shares during the period. Triumph Capital Management purchased a new position in shares of Lumentum during the fourth quarter worth approximately $30,000. Finally, Danske Bank A S acquired a new position in shares of Lumentum in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 94.05% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently commented on LITE. Citigroup reiterated a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. Raymond James Financial reiterated an “outperform” rating and set a $1,036.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. TD Cowen boosted their target price on Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $1,053.83.
Check Out Our Latest Report on Lumentum
About Representative Cisneros
Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.
Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.
Lumentum Company Profile
Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.
Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.
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